Last week, Skechers (SKX) presented at UBS Global Consumer and Retail Conference, giving interesting updates on the status of their business and their expectations for the future. I think its worth refreshing our view of the stock and its attractiveness.

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The Equity Winners and Losers From China’s Big Political Meeting

As China’s annual legislative gathering goes into a fourth day, it’s becoming clearer which industries stand to benefit, and those that won’t.

Increased military spending, updates on plans to build new urban zones, support for the health-care industry and easier lending rules for banks have been among the best investment themes for the week, even as the rising risk of a trade war disrupted the stage-managed atmosphere.

Defense Spending

Defense expenditure will increase at the quickest pace in three years as President Xi Jinping pursues a “world-class” military capable of projecting force further from the country’s coasts. The central government’s military outlays are expected to rise 8.1 percent to 1.11 trillion yuan ($175 billion) this year, the Chinese Ministry of Finance said Monday. That’s lifted the likes of AVIC Helicopter Co. and AECC Aero-Engine Control Co.

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Xi Jinping on March 5.

Photographer: Qilai Shen/BloombergNew Zones

China’s top economic planner said initial planning for Xiongan — a new city to be built south of Beijing — is basically complete and major infrastructure construction projects are underway. That’s boosted related stocks such as China Fortune Land Development Co. and Tangshan Jidong Equipment and Engineering Co., a cement machinery manufacturer in Hebei.

Ports in Guangdong province on China’s south coast also jumped on proposals to implement the Greater Bay Area development plan this year, which encompasses Hong Kong, Macau and nearby mainland cities.

Health Care

A gauge of drugmakers is the top performer among the CSI 300 Index’s 10 industry groups this week. China plans to increase the supply of health-care services, deepen reforms of public hospitals and support the development of Chinese medicine, according the government work report. Health insurance subsidies will also be boosted, the report said.

Lending Rules

Banks rallied after the China Banking Regulatory Commission issued a notice lowering the bad-loan coverage ratio to a minimum 120 percent from the previous 150 percent, people with knowledge of the matter said Tuesday. The move will encourage banks to recognize nonperforming loans and increase transparency of asset quality, according to analysts at brokerages including Goldman Sachs Group Inc. and China International Capital Corp.

Telecoms

Not everyone was a winner. Telecom stocks including China Mobile Ltd. and China Unicom Hong Kong Ltd. tumbled after Premier Li Keqiang said Monday the government plans to cut mobile Internet service fees by at least 30 percent. Even so, analysts said the selloff in shares was an overreaction.

If one is to truly allege that the digital asset is little more than a massive ploy to defraud unwitting investors of their money, la Bernie Madoff, then one must admit that the entire stock market itself is one giant hustle, too.

Last week, Skechers (SKX) presented at UBS Global Consumer and Retail Conference, giving interesting updates on the status of their business and their expectations for the future. I think its worth refreshing our view of the stock and its attractiveness.

In the last few weeks, we have seen two high profile unicorns file for initial public offerings. The first out of the gate was Dropbox (Pending:DBX), a storage solution for a world where gigabyte files are the rule rather than the exception, with a filing on February 23. Following close after,

U.S. stock futures moved sharply higher on Monday, indicating Wall Street may extend gains seen late last week after data showed a strong increase in jobs created, but weaker-than-forecast wages. Dow futures